Costa Rica receives 54 million dollars for its leadership in conservation and action for climate

Costa Rica became the first Central American country to receive non-reimbursable funds from the Green Climate Fund (GCF), due to its successful results in climate matters by reducing greenhouse gas emissions (GHG), associated with deforestation in the 2014-2015 period.

The funds will directly benefit thousands of Costa Ricans through three mechanisms, to be executed over the next five years (2021-2026) through the Ministry of Environment and Energy (known as MINAE): strengthen the existing Payment for Environmental Services (PES) scheme; Expand the PES scheme in indigenous territories, and strengthen forest fire prevention measures in rural communities through the National System of Conservation Areas (known as SINAC). The national PES program will be an important mechanism to transfer needed cash resources directly to impoverished groups to support the COVID-19 recovery phase.